15 March 2013 13:43 [Source: ICIS news]
HOUSTON (ICIS)--US specialty chemicals firm Lubrizol plans to invest more than $400m (€308m) over the next four years to expand its global chlorinated polyvinyl chloride (CPVC) resin and compounding manufacturing sites, according to a statement issued on Friday.
In phase I of the expansion – to be operational by the end of 2014 – Lubrizol will add 85,000 tonnes/year of CPVC resin and 100,000 tonnes/year of CPVC compound capacity for a total investment of about $200m.
The first phase includes a new CPVC resin and compounding facility in the US, a joint venture CPVC resin manufacturing facility in Thailand and the construction of a CPVC compounding plant and warehouse in India.
In phase II – expected to be operational by the end of 2016 – Lubrizol will add another 85,000 tonnes/year of CPVC resin capacity and 100,000 tonnes/year of CPVC compound capacity at its sites in the US, India and Thailand, costing about $200m.
“Through these global capacity expansion efforts we will be in a strong position to meet global demand, as well as better serve the needs of our existing and future customers to help them achieve their business success,” said Eric Schnur, president of Lubrizol Advanced Materials.
($1 = €0.77)
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